25880 Broadway Ave Bedford, OH 44146-6325
- Retail space
- 8,505 SF
- 1.15 lot acres
Current Use by Public Records
- Retail space
Property Details for 25880 Broadway Ave
- Year built
- 2016
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.15 lot acres
- Property size
- 8,505 SF
- Zone code
- GB
- Property type
- Retail space
- APN
- 795-22-019
- APU
- 79522019
Description
This exceptional investment opportunity presents a single-tenant, 8,320 square foot Family Dollar store situated on a 1.15-acre lot in Bedford, Ohio. Built in 2016, the property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $115,196. The property benefits from a triple-net (NN+) lease with a credit-rated tenant, ensuring consistent cash flow. The lease, commencing May 12, 2015, has a remaining term of approximately 6.6 years, with six 5-year renewal options, each including a 10% rent increase. Located at the hard corner of Broadway Ave & Alexander Rd, this property offers excellent visibility and accessibility. The property is part of a larger portfolio of Dollar Stores and is offered at $1,440,000. The location is strategically positioned within a densely populated market, just 30 minutes from downtown Cleveland, offering significant growth potential. This is a rare opportunity to acquire a stabilized, high-performing retail asset with a long-term lease and a strong tenant. The property's location and tenant history make it an attractive investment for both seasoned and new investors seeking a stable, high-return investment in the Cleveland MSA. The building is 100% occupied.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $225,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bedford
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5001
- Latitude
- 41.3582
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
